On Tuesday, PVC fluctuated within a narrow range. Last Friday, the US non-farm payrolls data was better than expected, and the Fed’s aggressive interest rate hike expectations were weakened. At the same time, a sharp rebound in oil prices also supported PVC prices. From the perspective of PVC’s own fundamentals, due to the relatively concentrated maintenance of PVC installations recently, the industry’s operating load rate has dropped to a low level, but it has also overdrafted some of the benefits brought by the market outlook. Gradually increasing, but there is still no obvious improvement in downstream construction, and the resurgence of the epidemic in some areas has also disrupted downstream demand. The rebound in supply may offset the effect of the small increase in demand under the transition from the off-peak season, which is difficult to bring to the inventory. enough optimizations. However, the price of calcium carbide has remained stable, the price in some areas has risen slightly, and the cost-side support has been strengthened. The current price of calcium carbide PVC enterprises has maintained a loss, and the current price is at a low valuation stage, and the short-term market pressure is relatively limited. In general, domestic and foreign macro downturn worries have intensified, and the demand side is currently insufficient to improve prices. However, the overall profit of external PVC mining companies maintains losses and the “Golden Nine Silver Ten” peak season is expected to make the disk in the short term. It remains to be seen whether demand can be effectively restored. In the short term, it is expected to maintain the trend of running at a low range and continue to pay attention to changes in demand.
Post time: Sep-07-2022